New York REIT (NYRT) : During the past 4 weeks, traders have been relatively bearish on New York REIT (NYRT), hence the stock is down -4.57% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.67% relative to the S&P 500. The 4-week change in the price of the stock is -5.08% and the stock has fallen -1.51% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.49% and the 50-Day Moving Average is 4.34%.The 200 Day SMA reached 5.51%
New York REIT (NYSE:NYRT): The stock opened in the green at $9.26 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $9.26 and a low of $9.1 for the day. The stock did not find buyers even at the lows and closed at $9.15 recording a loss of -0.22%. 1,630,200 shares exchanged hands during the trading day. The stock had closed at $9.15 in the previous days trading.
New York REIT (NYRT) : 3 Wall Street analysts covering New York REIT (NYRT) believe that the average level the stock could reach for the short term is $11.67. The maximum price target given is $13 and the minimum target for short term is around $10, hence the standard deviation is calculated at $1.44.
New York REIT, Inc. is a real estate investment trust. The Company focuses on acquiring income-producing commercial real estate in New York City. The Company primarily focuses on office and retail properties located in Manhattan. Approximately 95.9% of the Companys properties are located in Manhattan, while approximately 3.8% is located in Brooklyn and approximately 0.3% in Queens. The Company owns approximately 24 properties and real estate-related assets located in New York City. The Companys properties aggregate approximately 3.4 million rentable square feet with an average occupancy of approximately 94.9% and an average remaining lease term of approximately 9.9 years. The Companys portfolio primarily consists of office and retail properties, representing approximately 82% and 9% of rentable square feet, respectively. The Company conducts most of its business through New York Recovery Operating Partnership, L.P.